Help - Search - Members - Calendar
Full Version: Property in an IRA
BenefitsLink Message Boards > Retirement Plans > IRAs and Roth IRAs
doombuggy
Here is a question a client has posed to me:

i know buying the property in my 401(k) requires an annual appraisal be done, is that also true if land is purchased in an ira?

I deal with 401(k)s, profit sharing plans and money purchase plans, but not IRAs. While I have one myself, it is made up of stocks and mutual funds. Does anyone know the answer to this question? Many thanks!
saabraa
As far as I know, the IRA custodian/trustee must show fair market value of the account on the annual Form 5498.
This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please click here.
Invision Power Board © 2001-2009 Invision Power Services, Inc.